DigitalOcean Holdings Inc (DOCN)
Operating profit margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 56,490 | 11,896 | -10,455 | -38,725 | -45,169 | -25,697 | -24,470 | -33,339 | -28,024 | -11,186 |
| Revenue (ttm) | US$ in thousands | 712,480 | 692,884 | 675,008 | 650,061 | 614,129 | 576,322 | 532,986 | 492,299 | 462,227 | 428,561 |
| Operating profit margin | 7.93% | 1.72% | -1.55% | -5.96% | -7.35% | -4.46% | -4.59% | -6.77% | -6.06% | -2.61% |
March 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $56,490K ÷ $712,480K
= 7.93%
The operating profit margin of DigitalOcean Holdings Inc has shown some fluctuations over the past few quarters. In the most recent quarter ending March 31, 2024, the operating profit margin reached 7.93%, a significant improvement compared to the previous quarter where it was 1.72%. This increase indicates that the company's ability to generate profits from its core business operations has strengthened.
Looking back at the trend over the past year, the operating profit margins have generally been negative, indicating challenges in controlling operational costs relative to revenues. However, there seems to be a gradual improvement in profitability since the fourth quarter of 2022. It is essential for investors and stakeholders to monitor these trends closely to assess the company's operational efficiency and overall financial health.
Peer comparison
Mar 31, 2024